Has anyone encountered the PNC SS Deficiency Agreement? On this deal PNC is the 2nd, and this is what the agreement states:
If your creditor agrees to enter into a short sale, the mortgage or deed of trust securing my account will be released upo
Hey Everyone,
I just got a call from a past client who was working on a loan mod with Citi. They just denied him and are set to F/C on 8/30. Its an FHA loan and I know I can sell his home (again) but I need a contact at Citi that actually has the p
Read more…I am doing my first short sale of an investment property. Are they going to have to pay the IRS on the 1099c income - I found my State information but I can't find the Federal - the second is going to have the deficiency - please help and thank you.
Read more…I may be way off base here (please correct me if so) but, I'm wondering if these actions are actually ramifications of the screw ups as a result of the lost/destroyed notes and files shown in the 60 Minutes special. Also, knowing how lenders have sc
Read more…I have a GMAC approved HAFA agreement, But they will not pay buyer's closing costs. Closing cost were added to approved price, netting the bank want they need. Any advise would be appreciated.
Read more…We just lost a home to f/c today at 1:00 due to BOA telling the investor there was no offer. The investor declined the f/c postponement, due to no offer. The funny thing is, there was an offer, and it had been uploaded in Equator and the task compl
Read more…Does anyone have any good contacts at GMAC. I have a f/c set for this Friday and they won't postpone due to investor guidelines. I need to have this escalated to someone with some power.
Read more…Just need your comments on this matter.
I applied last June 2010 for my listing but counter-offer won't pay for HOA and legal liens (Around $9,000) because the property is located on "Super-state" California. BofA suggested apply for regular short-
Read more…Hi Guys,
Does anyone have a solid contact at Chase that make decisions?
If so, please inbox me.
Thanks & God Bless,
Tyra
Read more…I am the buyer of a short sale property. Friday will be the 120th day of waiting. The sellers have had a attorney working for them through this process. We recently found out that they were denied HAFA about 15 days ago and the file was sent back to
Read more…First loan, B of A , second Green Tree.
I uploaded an offer 2 weeks ago. I am well aware that B of A will flag this offer for HAFA, (which they did). I called Green Tree to make sure they participate w/ HAFA, which they don't. So I called B of A and
Read more…Hello,
I have heard the wonders of Wachovia, but amazingly I've never had one with them. I have closed tons of short sales, but unfortunately none with WAchovia.
I am ready to list the property and I would like to know who to contact or to know i
Read more…I've heard this in the past, and I'm facing my first possible short sale in which the 2nd TD is in the hands of a collection agency. Should I not waste my time looking into this, or are all collections as different as all banks? The bank is HSBC, the
Read more…Hi All, I have a seller who is 11 months behind in payments and Wells Fargo told him on the phone the foreclosure process has started, but no letters etc have been sent to him yet. He wants me to take his listing, but apparently the bamk also told h
Read more…I need some advice, and I will greatly appreciate any assistance provided.
I've been in contract to buy a home for about 5 months, and I have done everything on my end to buy the house, including paying for the seller's appraisal, my appraisal, and
Read more…hi,
I just had an agent whose listing I want to show tell me that if my buyer is NOT an investor the seller won't accept our offer if my buyer writes. The sellers only want an investor so that they can rent back! I KNOW this can't happen, no lender al
Hi All! I'm working on a short sale with BOA, and the offer we had was rejected by the bank because it was too low. They approved a larger amount, which is too high for this house. My question is, when this house gets foreclosed on, is there any way
Read more…Lender is bank of america the client owes $257,000 appraisal came in at $304,149 showing equity in the house. This is with HAFA qualification.
There is no way this house is going to sell for this price. Taking into consideration the market here an
Read more…So here is my scenario- husband and wife have divorced with the wife still living in the home- currently both are still on title- the first will be paid off - they are both on that mtg- the second heloc for approx $200k will have a loss between- $20k
Read more…I have been trying for 3 years to get Chase (Chase is the first lien holder and only mortgage co) to do a loan mod. I went through the 3 month trial period and never was offered a permanent loan mod. January 2011, I was notified that my servicer is
Read more…
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